BBVA Durbana Int Fd BBVA Flexible Fixed Income I EUR C

The Sub-Fund will seek to provide a positive return over the medium term irrespective of market conditions. The Sub-Fund will invest the majority of its assets, either directly or through the use of financial derivative instruments in a diversified portfolio of debt securities, including but not limited to, debt securities issued by governments and their agencies, state and provincial governmental entities and supranational organizations, corporate debt securities, asset-backed securities and mortgage-backed securities (including covered bonds) and currencies. Issuers of these securities may be located in any country, including emerging markets. The Sub-Fund may take exposure in below investment grade and unrated debt securities through investment in UCITS/UCIs.